Coal news and updates

NYSE Suspends Trading in Walter Energy and Commences Delisting Proceedings

 Walter Energy, Inc. today announced that NYSE Regulation, Inc. has determined to commence proceedings to delist the Company's common stock from the New York Stock Exchange ("NYSE"), and that trading in the Company's common stock has been suspended, effective immediately.

The NYSE's determination is based on "abnormally low" price indications of the Company's common stock evident at the opening of trading on July 8, 2015.

NYSE Regulation has informed the Company that the NYSE will apply to the U.S. Securities and Exchange Commission (the "SEC") to delist the Company's common stock upon completion of all applicable procedures.

The Company will continue to file periodic and certain other reports with the SEC under applicable federal securities laws. The suspension and commencement of delisting do not affect the Company's business operations, nor do they trigger any violation of any of the Company's credit agreements or other debt obligations.

source: http://www.marketwatch.com